Nigerians Are Getting Into Debt, Says CBN Survey

Nigerians Are Getting Into Debt, Says CBN Survey …C0NTINUE READING HERE >>>

As prices of goods and services continue to rise, Nigerians are spending their savings and getting into debt although many were, however, optimistic of improved economic conditions and increased income over the next six months.

According to the Central Bank of Nigeria (CBN) Household Expectations Survey for July which measured consumers’ expectations, overall outlook of consumers in July 2024 was downbeat, as consumers anticipated drawing down on their savings or getting into debt.

The…

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